Piedmont Investment Advisors Inc. increased its holdings in Chipotle Mexican Grill, Inc. (NYSE:CMG) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,163 shares of the restaurant operator’s stock after acquiring an additional 37 shares during the period. Piedmont Investment Advisors Inc.’s holdings in Chipotle Mexican Grill were worth $1,536,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of CMG. Horan Capital Advisors LLC. purchased a new position in Chipotle Mexican Grill in the first quarter worth approximately $36,000. CWM LLC purchased a new position in Chipotle Mexican Grill in the first quarter worth approximately $36,000. Bruderman Asset Management LLC purchased a new position in Chipotle Mexican Grill in the fourth quarter worth approximately $39,000. Motco purchased a new position in Chipotle Mexican Grill in the first quarter worth approximately $47,000. Finally, Quadrant Capital Group LLC lifted its stake in Chipotle Mexican Grill by 1,780.0% during the first quarter. Quadrant Capital Group LLC now owns 94 shares of the restaurant operator’s stock worth $66,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 91.26% of the company’s stock.
A number of research analysts have commented on the company. Jefferies Financial Group cut Chipotle Mexican Grill from a “buy” rating to a “hold” rating and upped their price target for the stock from $600.00 to $700.00 in a research note on Thursday, April 11th. Piper Jaffray Companies upped their price target on Chipotle Mexican Grill from $760.00 to $783.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Wells Fargo & Co upped their price target on Chipotle Mexican Grill from $489.00 to $647.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 16th. SunTrust Banks upped their price target on Chipotle Mexican Grill to $780.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, BTIG Research upped their price target on Chipotle Mexican Grill from $700.00 to $790.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $641.82.
Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings data on Wednesday, April 24th. The restaurant operator reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.01 by $0.39. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Chipotle Mexican Grill had a return on equity of 19.78% and a net margin of 4.08%. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same period last year, the firm earned $2.13 earnings per share. As a group, analysts anticipate that Chipotle Mexican Grill, Inc. will post 13 earnings per share for the current year.
In other news, CFO Jack Hartung sold 1,188 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $680.00, for a total value of $807,840.00. Following the sale, the chief financial officer now directly owns 37,472 shares in the company, valued at $25,480,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 12,658 shares of company stock worth $8,180,702. Insiders own 2.21% of the company’s stock.
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Chipotle Mexican Grill Profile
Chipotle Mexican Grill, Inc, together with its subsidiaries, operates Chipotle Mexican Grill restaurants. As of December 31, 2018, it operated 2,491 restaurants, including 2,452 Chipotle restaurants in the United States, 37 Chipotle restaurants internationally, and two non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.
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